A brain aneurysm, also referred to as a cerebral aneurysm or Intracranial Aneurysm (IA) is a weak bulging spot on the wall of a brain artery like a thin balloon or weak spot on an inner tube. The two most recognized types of aneurysms are saccular and fusiform, whereas mycotic, pseudo, and blister represent the rarer types of aneurysms.

Brain aneurysms can be detected using non-invasive imaging methods such as magnetic resonance imaging. Clipping is a common and effective surgical treatment for brain aneurysms. The goal of clipping is to place a small metallic clip or clips along the neck of the aneurysm. Clipping prevents blood from entering into the aneurysm sac and reduce risk of bleeding. The aneurysm clip remains in place for life and the aneurysm shrinks and scar down permanently after clipping. Moreover, well-clipped aneurysms have an extremely low risk of redeveloping, so for majority of the patients the clipping procedure successfully resolves the aneurysm.

The global aneurysm clips market was valued at US$ 972.9 million in 2017, and is expected to witness a CAGR of 6.2% over the forecast period (2018 – 2026).

Increasing incidences of aneurysm is expected to drive the aneurysm clips market growth

Although brain aneurysms affect individuals of all age, it is most prevalent in people age between 35 and 60. According to the Brain Aneurysm Foundation 2018 data, brain aneurysms cause nearly 500,000 deaths worldwide annually with half the victims younger than 50 years. Various factors contributing to the formation of brain aneurysms include smoking, drug use such as cocaine, hypertension or high blood pressure, congenital resulting from inborn abnormality in artery wall, tumors, traumatic head injury, family history of brain aneurysms and other disorders such as Polycystic Kidney Disease, Ehlers-Danlos Syndrome, Marfan Syndrome, and Fibromuscular Dysplasia (FMD).

According to the Center for Diseases Control and Prevention (CDC), in 2013, around 75 million American adults were suffering from high blood pressure and it was a primary cause of death for more than 410,000 Americans in 2014. High blood pressure enlarges or weaken the blood vessels causing aneurysms in many cases.

Aneurysm Clips Market Restraints

Despite aneurysm clipping procedure has shown to be a safe and effective to treat aneurysms, it is an invasive procedure that requires dissection of the skull and general anesthesia for the procedure. General anesthesia poses risks, especially for older patients and those with chronic health conditions.

Moreover, recovery after invasive surgery takes longer time. For instance, recovering from a clipping procedure performed on an unruptured aneurysm without complications may require a two to a five-day hospital stay and three to six weeks of recovery at home. Furthermore, a ruptured aneurysm can take considerably longer time to recover. The presence of an aneurysm clip in a patient or individual in the magnetic resonance environment can be potentially hazardous situation. MRI can cause serious damage to aneurysm clips made from metal causing serious injury or death of patient.

Aneurysm Clips Market - Regional Insights

On the basis of region, the global aneurysm clips market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America aneurysm clips market is expected to foresee major revenue share, owing to increasing incidences of aneurysm in the U.S. According to the Brain Aneurysm Foundation 2018 data, around six million people in the U.S. have unruptured aneurysms.

Europe aneurysm clips market is anticipated to grow at significant rate, owing to presence of industry players focusing on development of innovative products in the field of aneurysm. For instance, in 2016, Neos Surgery developed plastic clips, which allows post-surgical checkups via Magnetic Resonance Imaging (MRI) and Computed Tomography (CT) scans, which is not possible with a metal clip. The technology was developed through the European Union’s Eureka Eurostars program, which funded R&D with US$ 1.23 million.

An aneurysm is the enlargement of an artery. It occurs when the walls of a blood vessel become weak, balloon out, and are more likely to rupture or leak potentially causing a stroke. The most significant aneurysms affect the arteries of the heart and the brain. Smoking and high blood pressure are the major risk factors for the development of an aneurysm. Aneurysm clipping is a crucial surgical procedure in the management of aneurysms. It is performed to block off an intact aneurysm from the blood vessels to prevent any further leaking of blood from the site.

Market Dynamics

Increasing worldwide incidences of aneurysms is the major factor driving the aneurysm clips market growth. According to the Brain Aneurysm Foundation 2018 data, around 500,000 deaths occur worldwide annually due to brain aneurysms. According to the Centers for Disease Control and Prevention (CDC), aortic aneurysms contribute to more than 25,000 deaths in the U.S. annually.

Aneurysms can cause due to various factors. According to the National Institute of Neurological Disorders and Stroke, factors such as alcohol and tobacco consumption and drug abuse are expected to increase the risks of aneurysms development. According to the Tobacco Atlas, the number of tobacco smokers is set to increase by 24 million in Indonesia and by 7 million in Nigeria from 2015 to 2025. This rise in tobacco consumption is expected to grow aneurysm cases eventually driving the aneurysm clips market growth. However, being an invasive surgery, clipping procedure can increase the duration of recovery period and patient hospital stay eventually increasing the overall treatment cost.

Insights from this report would allow marketers and management authorities of companies to make informed decision with respect to their future product launch, governmental initiatives, technological up-gradation, market expansion, and marketing tactics

The global aneurysm clips market report caters to various stakeholders in this industry, including investors, product manufacturers, distributors, and suppliers for aneurysm clips market, research and consulting firms, new entrants, and financial analysts

Detailed Segmentation:

Global Aneurysm Clips Market, By Aneurysm Type:

Abdominal Aneurysm

Cerebral Aneurysm

Thoracic Aneurysm

Peripheral Aneurysm

Global Aneurysm Clips Market, By Raw Material:

Titanium

Cobalt

Others

Global Aneurysm Clips Market, By Region:

North America

By Country:

U.S.

Canada

By Aneurysm Type:

Abdominal Aneurysm

Cerebral Aneurysm

Thoracic Aneurysm

Peripheral Aneurysm

By Raw Material:

Titanium

Cobalt

Others

Europe

By Country:

U.K.

Germany

Italy

Spain

France

Russia

Rest of Europe

By Aneurysm Type:

Abdominal Aneurysm

Cerebral Aneurysm

Thoracic Aneurysm

Peripheral Aneurysm

By Raw Material:

Titanium

Cobalt

Others

Asia Pacific

By Country:

Australia

India

China

Japan

ASEAN

South Korea

Rest of Asia Pacific

By Aneurysm Type:

Abdominal Aneurysm

Cerebral Aneurysm

Thoracic Aneurysm

Peripheral Aneurysm

By Raw Material:

Titanium

Cobalt

Others

Latin America

By Country:

Brazil

Mexico

Argentina

Rest of Latin America

By Aneurysm Type:

Abdominal Aneurysm

Cerebral Aneurysm

Thoracic Aneurysm

Peripheral Aneurysm

By Raw Material:

Titanium

Cobalt

Others

Middle East

By Country:

GCC

Israel

Rest of Middle East

By Aneurysm Type:

Abdominal Aneurysm

Cerebral Aneurysm

Thoracic Aneurysm

Peripheral Aneurysm

By Raw Material:

Titanium

Cobalt

Others

Africa

By Country:

South Africa

Central Africa

North Africa

By Aneurysm Type:

Abdominal Aneurysm

Cerebral Aneurysm

Thoracic Aneurysm

Peripheral Aneurysm

By Raw Material:

Titanium

Cobalt

Others

Company Profiles

B. Braun*

Company Overview

Product Portfolio

Financial Performance

Recent Highlights

Strategies

Boston Scientific

Codman & Shurtleff

Integra LifeSciences

InoMed

KLS Martin Group

Medtronic Plc

Mizuho America

Jude Medical

Stryker Corporation

RauMedic

“*” marked represents similar segmentation in other categories in the respective section.

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

Primary Research (Trade Surveys and Experts Interviews)

Desk Research

Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Coherent Market Insights desk research is based on a principle set of research techniques:

National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.

Trade association, National and international media and trade press.

Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.

Scientific journals, and other technical magazines and whitepapers.

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

Micro-economic indicators

Macro-economic indicators

Environmental indicators

Socio-political indicators

Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

It provides first-hand information on the market dynamics, outlook, and growth parameters.

Industry experts validates the estimates which helps the company to cement the on-going research study.